Councillor John Griffiths, Leader of St Edmundsbury Borough Council, today, 21st May, dug the first trench to commence construction of two speculative warehouse buildings at Suffolk Park, Bury St Edmunds, totalling 350,000 sq ft.
The Â£13m construction contract has been awarded to Readie Construction Ltd for the two units of 147,241 sq ft and 206,491 sq ft respectively on a 19-acre plot which will be ready for occupation in November this year and Jaynic is ready to talk to potential tenants.
The BREEAM excellent development has a 12.5 m clear height, 50m deep service yards, level access and dock loading together with ancillary offices. These units are the first to be constructed on the 114-acre park that has planning consent for 2m sq ft. www.suffolk-park.uk
Councillor Griffiths, said: âThese two new units will help provide a range of opportunities both for existing local businesses looking to expand, and for businesses outside of the area wishing to relocate to West Suffolk. This will in turn help to create new jobs and new opportunities for our residents and continue to ensure that West Suffolk remains a great place both to live and to work.â
Ben Oughton, Development Director with Jaynic, comments: âThis is a big day for us at Suffolk Park. Having just completed development of the infrastructure, we are now starting construction of the first two units on site giving potential occupiers the opportunity to move in at the end of this year. This means we are ahead of the game and believe we are the only scheme in this region that will have warehouses ready to occupy in 2018,â adds Oughton.
Paul Stephens MD of Readie Construction said: âWe are extremely pleased to be undertaking the construction of the two new units at Suffolk Park and understand the significance of the scheme to our client Jaynic and the surrounding stakeholders. We look forward to delivering the project and engaging with the local community however and wherever possibleâ.
Jonathan Lloyd of Hazells Chartered Surveyors, the Bury St Edmunds based retained agents for Suffolk Park, said: âWe have already completed one significant deal at Suffolk Park with a large local company and another one just about to be announced, and these two new speculative units are the next step in its development. We now move onto the next stage of reaching out to the big logistics and other business occupiers seeking representation in the eastern region. These units will be ready for occupation by November 2018 and we are keen to speak to occupiers now about their requirements,â added Lloyd.
Global real estate advisors Savills in London are appointed alongside Hazells as letting agents for the scheme.Â
The development is part of a multi-partner initiative with St Edmundsbury Borough Council and housebuilder Taylor Wimpey to support a range of new and existing businesses in the popular Bury St Edmunds area and to continue to create jobs and prosperity.